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John McAfee, CEO in the New York-based MGT Capital Investments and the founder of his namesake antivirus software company, has predicted that Bitcoin may jump to $5,000.

He made this forecast responding in his twitter to a question from one of the commentators, who recalled that McAfee had earlier promised to eat his penis if the price of bitcoin would not reach $500,000 in three years.

 

McAfee also claimed that MGT is the biggest mining company in the North America.

MGT started mining bitcoin in July 2016. In September 2016 they reported that they were mining approximately 90 bitcoins per month.

He told that MGT uses “extremely cheap” electricity, which can be compared with the prices in the Chinese province of Sichuan, where electricity for mining companies is extracted from hydroelectric power plants and thus is very cheap.

He specified that the price of electricity at his enterprise is significantly lower than 0.45 RMB per kW ($0.07).